Bull of the Day: Roku (ROKU)

Company Overview - Roku is a leading company in the streaming media industry, primarily known for its digital media players and smart TV operating system. The business is centered around three key areas: streaming devices and smart TVs, advertising and content distribution, as well as platform services and subscriptions [3]. Earnings Performance - Roku's recent earnings report led to several analysts increasing their earnings estimates for the current year and next year. The company reported a beat on both top and bottom lines, guiding initial FY25 revenues of $4.61 billion [4]. - The current year Zacks Consensus Estimate calls for a loss of 80 cents, improved from a loss of 93 cents sixty days ago. Next year's estimate has increased to a profit of 10 cents, compared to previous expectations of a 5-cent loss [5]. Stock Performance - Roku has achieved five consecutive quarterly earnings beats, indicating a consistent upward trend in earnings estimates. The stock is currently trading below$100, significantly off its all-time highs of over $450 [6].